Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TRYCAD
The long term trend has been DOWN since Mar 22nd, 2018 at 0.32261
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.27739
The short term trend has been DOWN since Jul 9th, 2018 at 0.28076
Smart Scan Analysis for TRYCAD
Based on a pre-defined weighted trend formula for chart analysis, TRYCAD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).